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New UK Rules to Partly Exempt Some Heavy Industries from Renewables Scheme
(Tuesday, March 28, 2017) The measures will exempt around 130 energy-intensive companies in Britain in sectors such as steel, chemicals, glass and cement, from some of the costs passed on from the government's Contracts-for-Difference (CfD) scheme.
Total-Borealis-Nova JV to Build Ethane Cracker in SE Texas
(Monday, March 27, 2017) $1.7 billion Total-Borealis-Nova Texas ethane cracker to create 1,500 construction jobs.
German Industrial Plant Builders Report Lowest Orders Since 2004
(Monday, March 27, 2017) German manufacturers of large industrial plants reported a 12-year low in new orders for 2016 as the weak oil price held back demand in the Middle East while Germany's move to renewable energy wiped out demand for conventional electricity generation.
Lotte Chem: Not Picked as Preferred Bidder for Singapore's Jurong Aromatics
(Thursday, March 23, 2017) South Korea's Lotte Chemical Corp said on Thursday it had not been picked as a preferred bidder for the acquisition of Singapore petrochemical company Jurong Aromatics Corp (JAC).
Saudi Arabia Spends Money to Make Money in Foreign Investment Drive
(Wednesday, March 22, 2017) Most of the big deals were in refining and petrochemicals, not the new industries Riyadh hopes to develop.
Saudis to Tighten Curbs on Foreign Workers in Local Jobs Push -Sources
(Tuesday, March 21, 2017) The new rules could potentially affect large numbers of people since about 12 million foreigners work in Saudi Arabia, doing many of the strenuous, dangerous and lower-paid jobs shunned by 20 million Saudi citizens.
BP Confirms Talks to Sell Key North Sea Oil Pipeline to Ineos
(Friday, March 17, 2017) BP Plc is in talks with Ineos AG to sell the Forties pipeline, one of the most important pieces of oil infrastructure in the U.K. North Sea.
Trump's Proposal to Scrap Chemical Safety Board Draws Criticism
(Friday, March 17, 2017) The president on Thursday outlined a plan for fiscal 2018 discretionary spending, which exclude programs like Social Security, that removes allocations for 19 independent bodies, including the CSB and Corporation for Public Broadcasting.
Malaysia Petchem JV Search Continues After Saudis Join Hub
(Tuesday, March 14, 2017) Petronas Chemicals said it's in talks with petrochemical firms from Asia and Europe to invest in a $27 billion oil refining and petrochemical project, sustaining hope the country can find a partner after at least three previous deals fell through.
Transcanada's Mainline Helps Canadian Natgas Shippers Compete
(Monday, March 13, 2017) Shippers have taken up Transcanada Corp's sweetened offer to move natural gas on its Mainline pipeline, the company said on Monday, granting Canada's remote western plays a boost against more easily accessible American counterparts.
INEOS Increases UK Shale License Acreage
(Thursday, March 09, 2017) INEOS has championed the benefits of a local shale gas sector, claiming such an industry would be good for energy security, addressing climate change and job security.
Sinopec to Boost Fine Chemicals Investment at Maoming Refining Hub -Exec
(Thursday, March 09, 2017) Sinopec Corp plans to boost investment in fine chemicals at its Maoming-Zhanjiang refining base in southern China alongside partners like Germany's BASF, a senior executive said in an interview on Thursday.
ExxonMobil Gulf Initiative to Create 45,000 Jobs
(Tuesday, March 07, 2017) A new initiative by ExxonMobil will build and expand manufacturing facilities along the US Gulf Coast.
Exxon's Trump-Friendly Spending Includes 4-Year-Old Projects
(Tuesday, March 07, 2017) Monday's announcement just gave a name to a series of investments the company began making as far back as 2013, before the collapse in oil prices.
Exxon Sees $20 Billion in 'Export Machines' to Tap Shale
(Monday, March 06, 2017) Exxon Mobil Corp. is spending $20 billion through 2022 to expand its chemicals and fuel-making capacity in Texas and Louisiana to transform U.S. shale oil and natural gas into products for growing consumer markets in Asia.
Chemical Industry Groups Welcome Prospect of NAFTA Revamp
(Thursday, March 02, 2017) Key chemical industry associations from Canada, Mexico and the United States issued a joint statement Wednesday outlining their priorities for a potential renegotiation of the North American Free Trade Agreement (NAFTA).
Egyptian Researchers Turn Shrimp Shells into Biodegradable Plastic
(Thursday, March 02, 2017) Researchers at Egypt's Nile University are developing a way to turn dried shrimp shells that would otherwise be thrown away into thin films of biodegradable plastic they hope will be used to make eco-friendly grocery bags and packaging.
Saudi Arabia Bulks Up in Asia to Boost Appeal Before Oil IPO
(Wednesday, March 01, 2017) Saudi Arabian Oil Co. bought half of a Malaysian oil refinery and petrochemical plant as it prepares for what may be the biggest ever initial public offering by bulking up its business in Asia, its largest market.
India's Reliance Buys Naphtha to Feed Growing Domestic Demand
(Tuesday, February 28, 2017) The purchase came at a time when Asian naphtha supplies are relatively tight due to firm demand and low volumes of Western cargoes arriving in the East.
EU Nations Thrash Out Deal on Carbon Market Reform
(Tuesday, February 28, 2017) EU nations reached a compromise on long-awaited reforms to the carbon emissions market on Tuesday, moving the European Union closer to adopting key rules to deliver on its pledge to cut greenhouse gas emissions under the Paris climate accord.